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NOW
Benzinga
26 days

These Analysts Revise Their Forecasts On ServiceNow After Q2 Results

1. ServiceNow reported Q2 revenue of $3.22 billion, surpassing expectations. 2. Adjusted earnings per share reached $4.09, beating the $3.57 estimate. 3. Full-year subscription revenue outlook raised to $12.775-$12.795 billion. 4. Analysts raised price targets, with most maintaining 'Buy' ratings. 5. Shares rose by 3.7% post-earnings announcement.

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FAQ

Why Very Bullish?

ServiceNow's better-than-expected earnings and raised guidance indicate strong market confidence. Historical trends show similar earnings beats lead to sustained stock price increases.

How important is it?

The article showcases positive financial performance and outlook for NOW, influencing investor sentiment.

Why Short Term?

Immediate market reactions to earnings can influence short-term stock performance, evidenced by recent price increase.

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